Electrical savings $500,000 in 9 months, expert reports

OREGON – Electrical aggregation has saved Oregon households about $500,000 since the program began in March, the City Council was told.

Carl Berg of Rock River Energy Services offered a status update of the program at last week’s meeting.

The current ComEd electric rate is 8.32 cents per kilowatt hour, but Oregon is paying 4.78 cents through Direct Energy, which means residents are saving 42 percent on their electric bills.

“We did pretty well,” Berg said.

Ninety-four percent of eligible accounts enrolled in the program. Oregon has 1,869 residential and small commercial electric accounts; 1,523 accounts were automatically enrolled, 102 accounts opted out and the rest were not eligible.

The annualized savings per single-family household is estimated at $300, he said.

Some homeowners who are not enrolled have asked about joining when their plans with their current suppliers expire, Berg said.